Disposal of La Croissanterie to CM-CIC Investissement

Created in 1977, La Croissanterie is one of the leading players in the French style fast food market in France with a network of c.250 outlets, generating approximately €100m outlet revenues. The Group has shifted towards a transport-oriented business model deploying franchises and has developed strong and historical franchise partnerships with leading oil companies and Food & Beverage outlets operators. The Group has recently established new major franchise contracts, reinforcing its positioning in transport areas and enabling its development in the Parisian subways and in hospitals. CM-CIC Investissement intends to accompany the Management in further developing the Group both in France and internationally.